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Bad News…Good News Like many industries, the print production workflow software market was affected by the recent economic decline. Many segments of the print production workflow market came near to a standstill during the first six months of 2009. Vendors were faced with lower demand due to market consolidation; high exit rates and bankruptcies of print service providers; as well as the postponement of investments due to the economic uncertainty, credit scarcity, and customers being in survival mode. However, the good news is the situation stabilized after the summer and sales picked up again in the third quarter, with the U.S. leading and Western Europe following according to InfoTrends’ Global & North American Print Production Workflow Market Forecast: 2009-2014 and Global & Western Europe Print Production Workflow Market Forecast: 2009-2014. Modest Growth Expected InfoTrends’ forecast reveals that the global print production software market will have a CAGR of 5.2%, rising from nearly $6.6 billion in 2009 to almost $8.6 billion in 2014. Global Workflow Market by Category ($Millions), ’09-‘14
Advancements in technology and changing communication methods are among the growth drivers in this market. New software provides vast improvements in workflow efficiency as well as increased personalization of communications materials. The creative layout, variable data, and Web-to-print segments are expected to show high single-digit growth rates while multi-channel communications has the highest growth expectation at 22% average yearly growth rate. InfoTrends has released two forecasts on this market that are available for purchase. For more information or to purchase these reports, click the links above or contact Robyn Wuori at +1 ext. 103 or e-mail . |
